The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1887-05-08
THE MORGAN NATTER.
Some Interesting Reading for
Sunday Morning.
THE CONSPIRATORS' CARNIVAL.
The MCKAY Bamberger-Dicks
rian CombiDatiun-1he heir Interest
in the Matter Investigation.

RAN COm jill hc1T l1t OA OSN
in the Matter estigation.
To the Editor o. THE HERALD.
The malicious attacks made upon me
by the. Salt Lake Tribune, and the COM
ments thereon by other journals, have
caused many inquiries regarding the
matter. That the public may learn
something of the reason for the undue
prominence of my personality during
the past several months, l will, with
your permission, give brief account.
In the year 1888, ] commenced nego-
tiations with the owners of some min
ing property situated near Park City,
Utah. Early in 1884 contract was
made betW cen myself and the original
owners, and Immediately afterwards
they made deed conveying the said
property to me, in accordance with the
contract. The transaction involved,
practically, the purchase of one IN
divided half of all the claims in
the group of mines, for the sum
of $4,000, which sum was to be
paid accordingly with certain express
terms, mutually agreeable to all parties.
All of my obligations were guaranteed
by the firm of Walker Bros. each of the
brothers taking part in the obligation,
nd being equally interested in their
iolnt investment. The transaction was
on cash basis, and cash was to be paid,
as agreed upon. There was nothing
mythical about the matter. 1t was a
plain straightforward exchange OF inter
est in property, for money. -
THE ORIGINAL. OWNERS,
being altogether unaccustomed to the
formalit.es of business. were allowed the
most ample time, and the fullest oppor-
tunities for consideration. prior to the
signing of papers, and after it was
known that the transaction had
been concluded, If the general i'm
preston 3. seemed to be that
had made an unwlse bargain.
Some months after the signing of the
deed. it appears that certain spectators
tried to induce the original owners to
listen to other propositions. and finally
the latter did entertain some arrange
ments proposed to them by Simon Bam-
berger, of this city.
It appears that he. with others, pro-
posed 20 form an Incorporation, on q
capitalization of $50, 000, 900, provided
the original owners would give him
&c, 600 shares of the stock. 90. ...-.z.
30 far as the effect of the vast array
of ciphers was concerned, the original
to q n q
than that they knew it conveyed an
idea of sum so incomprehensible as
to make our petty $50, 900 look like by
speck. = III g. reno 1s4n..s.
The fact that one proposition was
solid, and the other gaseous, never
entered their minds, and like the child
they took the copper cent piece II
preference to the gold dollar.
Soon afterwards, the original owners
| made a deed to John A. Groesbeck, o.
this city, who, az the request of BAN
berger, had agreed to act as trustee toi
the proposed
MORGAN MINING COMPANY.
All this had been done without my
knowledge, and when it had beer
fixed" the Tribune noticed the pro-
poposed incorporation, which had then
as l remember, dwindled to the in
significant capitalization OF $l5 600, 900
| At once, realized the situation, anC
| finding that the original owners had al
lowed themselves to be betrayed, Offered
nv assistance. They at first declared tina
they had made such good trade q
1 to enable them to pay me anything
might demand. and spoke of the tire
mendous official influence which they
had obtained. Finally, | managed t.
set them thinking, but before this, tn
incorporation had been, through
wrong conception on the part Of tn
county court, allowed to assume tn
form of existence. By this time, tn
capitalization had withered away, ant
was finally declared to be 81 SOC, 600.
slight variation of SIS, 800 600, since 1t
birth but few weeks earlier.
1t is astonishing to notice the cool
ness with which the prospective nabo
submits to the loss of q few million dol
lars. and especially when the same Pm
will worry all day over the loss of
cigarette.
About the date of the alleged incor
poration, E. n. Bynon comes to view
1t appears that he had been behind tn
scenes, waiting for his cue, for som
little time, and among his first VI
terances Is demand for 10000 share
of the stock of the Morgan Mimi
Company" for services rendered th
original owners, in bringing to their al
official influence TO set 1.-The Meeal
matter aside.
My attorney, knowing the integrit
of our position, saw at q glance th
utility of the opposition, and pal
little attention to it, and while l We
fully prepared for peculiar moves,
e did not expect that
DICKSON AND vARIAE
(the United States Prosecuting Alto
ney and his sssistant) would becon
co owners and co-litigsnts with, ;
we'll as counsel for, Bamberger ct al.
the name of John A. Groesbec
5 In the fall of 1885, soon after Dickso
& Varian became associated in the cas-
l was talking one day with Judge G.
Gilchrist, one of our attorneys, when
boy came into the Office, and said TIL
Mr.. Robert Walker wanted to see m
n aISa Irlro Cflobrsot ~ he